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Operating Information by Segment and Geographic Area
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Operating Information by Segment and Geographic Area Operating Information by Segment and Geographic Area
3ME
June 30,		6ME
June 30,
(in millions)2025202420252024
Revenue
Urban Solutions$2,070 $1,831 $4,227 $3,309 
Energy Solutions1,143 1,595 2,349 3,028 
Mission Solutions762 704 1,358 1,305 
Other3 97 25 319 
Total revenue$3,978 $4,227 $7,959 $7,961 
Cost of revenue
Urban Solutions
$(2,069)$(1,722)$(4,150)$(3,148)
Energy Solutions
(1,126)(1,520)(2,284)(2,884)
Mission Solutions(723)(661)(1,312)(1,235)
Other(4)(146)(17)(416)
Total cost of revenue
$(3,922)$(4,049)$(7,762)$(7,683)
Segment profit (loss)
Urban Solutions
$29 $105 $99 $155 
Energy Solutions
15 75 63 143 
Mission Solutions35 41 40 63 
Other(1)(27)8 (49)
Total segment profit$78 $194 $210 $312 
G&A(52)(50)(88)(110)
Foreign currency gain (loss)(30)48 (44)60 
Interest income (expense), net17 38 34 77 
Earnings (loss) attributable to NCI(22)(16)(13)(34)
Earnings (loss) before taxes$(9)$214 $99 $305 
Intercompany revenue for our professional staffing business, excluded from revenue above$61 $75 $120 $156 
Urban Solutions. Segment profit in the 2025 Quarter and 2025 Period included forecast adjustments totaling $54 million (or $0.30 per share) for cost growth on 3 infrastructure projects related to subcontracted design errors, price escalation and schedule impacts partially offset by a refinement of our expected recovery from claims against our subcontractors on these projects. Segment profit in the 2025 Quarter and 2025 Period also included an increase in execution activities on life sciences projects awarded in the last 18 months. Segment profit during the 2025 Period included profit on a metals project upon a change in percentage of completion due to a reduction in scope. Comparatively, segment profit in the 2024 Quarter and 2024 Period included the favorable resolution of a change order on a different legacy infrastructure project.
Energy Solutions. Segment profit declined during the 2025 Quarter and 2025 Period due to projects nearing completion and the recognition of $31 million (or $0.13 per share) for an arbitration ruling on a fabrication project at our joint venture in Mexico that was completed in 2021. The decline in segment profit during the 2025 Period was partially offset by profit recognition on a chemicals project upon a change in percentage of completion due to a client directed change in scope. Segment profit in the 2024 Period was adversely impacted by $39 million (or $0.16 per share) in cost growth on a construction only subcontract executed by our joint venture in Mexico.
Mission Solutions. Segment profit declined during the 2025 Quarter due to a decline in execution activity for a DOD project as well as increased legal costs, partially offset by an increase in earnings from DOE projects and newly awarded DOE and DOD projects accounted for under the equity method of accounting. Segment profit declined during the 2025 Period primarily due to an additional reserve of $28 million (or $0.16 per share) resulting from a recent ruling on a long-standing claim on a project completed in 2019.
Other. Other included the operations of NuScale prior to deconsolidation in the fourth quarter of 2024 and the operations of the Stork businesses prior to their sale. In the 2025 Period, we completed the sale of Stork's operations in the U.K. and recognized a gain on sale of $7 million compared to an $11 million gain on the sale of Stork's operations in continental Europe in the 2024 Period. We expect results from our Other segment to be immaterial for 2025.
Total assets by segment are as follows:
(in millions)June 30,
2025		December 31,
2024
Urban Solutions
$1,906 $1,472 
Energy Solutions737 729 
Mission Solutions886 734 
Other6 72 
Corporate3,253 3,870 
Investment in NuScale5,000 2,266 
Total assets$11,788 $9,143 
Revenue by project location follows:
3ME
June 30,		6ME
June 30,
(in millions)2025202420252024
North America$2,757 $2,929 $5,410 $5,299 
Asia Pacific (includes Australia)306 558 622 1,001 
Europe723 558 1,564 1,333 
Central and South America146 136 285 203 
Middle East and Africa46 46 78 125 
Total revenue$3,978 $4,227 $7,959 $7,961